OMB approves the
Economic Hardship Deferment Request Form through 2/98 (by which
time the form that reconciles the FFEL and Direct Lending forms is
to have been submitted for OMB clearance). The Department is to
address both OMB's 4/29/97 terms of clearance for this form and the
public comment received in conjunction with this (8/26) clearance
in the clearance process for the reconciled forms.
Inventory as of this Action
Requested
Previously Approved
02/28/1998
02/28/1998
10/31/1997
1,148,818
0
1,148,818
183,811
0
183,811
0
0
0
This form is the means by which a
borrower applies for a deferment of repayment of the principal
balance of a loan for reasons of economic hardship and by which the
lender or loan servicer determines whether a borrower is entitled
to the postponement of payments.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.